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Business/Financial

Lockheed’s Venture Arm Invests In Battery Technology Company South 8

By Cal Biesecker

Wednesday, August 16th, 2023

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Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Photo: South 8 Technologies

South 8 Technologies, which is developing liquid gas electrolyte technology to power lithium-ion batteries, has received a strategic investment from Lockheed Martin’s [LMT] venture arm to support the commercialization of the company’s technology. The investment included participation from current South 8 investors LG Technology Ventures, Foothill Ventures, and Anzu Partners. “The exceptional performance capabilities of the LiGas electrolytes are an enabling technology for increasingly aggressive customer requirements, particularly those set forth by the aerospace and defense industries,” Cyrus Rustomji, CEO…

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